Future budget projections (11 - 20 of 24 items)
Social Security: Actuarial Projections of the Trust Funds
AIMD-00-53R: Published: Jan 14, 2000. Publicly Released: Jan 14, 2000.
Pursuant to a congressional request, GAO reviewed the Pricewaterhouse Coopers (PwC) report on the actuarial projections for the trust funds of the Old Age, Survivors, and Disability Insurance programs, focusing on whether the Social Security Administration's (SSA) Board of Trustees': (1) 1999 long-range intermediate actuarial projections--their best estimates--as presented in the Trustees' 1999 re...
Social Security: The President's Proposal
T-HEHS/AIMD-00-43: Published: Nov 9, 1999. Publicly Released: Nov 9, 1999.
Pursuant to a congressional request, GAO discussed the President's proposal for Social Security financing, focusing on: (1) the extent to which the proposal achieves sustainable solvency and how the proposal would affect the economy and the federal budget; (2) whether the proposal balances individual equity and income adequacy; and (3) how readily changes could be implemented, administered, and ex...
Social Security: Evaluating Reform Proposals
AIMD/HEHS-00-29: Published: Nov 4, 1999. Publicly Released: Nov 5, 1999.
Pursuant to a congressional request, GAO analyzed the potential budgetary and economic effects of several Social Security reform proposals.GAO noted that: (1) GAO's assessments of the reform proposals are based on the analytic framework GAO provided to Congress last March; (2) that framework consists of three basic criteria: (a) the extent to which the proposal achieves sustainable solvency and ho...
Social Security Reform: Implications of Private Annuities for Individual Accounts
HEHS-99-160: Published: Jul 30, 1999. Publicly Released: Jul 30, 1999.
Pursuant to a congressional request, GAO provided information on the implications of establishing individual social security accounts, focusing on: (1) the effect individual social security accounts might have on the existing annuities market; (2) factors that affect the amount of annuity payments; and (3) the potential role of the federal government in regulating the annuities market if individua...
Social Security Reform: Implementation Issues for Individual Accounts
HEHS-99-122: Published: Jun 18, 1999. Publicly Released: Jun 18, 1999.
Pursuant to a congressional request, GAO provided information on social security reform, focusing on issues to consider regarding the design and implementation of an individual account system.GAO noted that: (1) the social security system is one of the nation's most important and visible programs; (2) while individual accounts offer the possibility of an improved rate of return on individual contr...
Social Security: Criteria for Evaluating Social Security Reform Proposals
T-HEHS-99-94: Published: Mar 25, 1999. Publicly Released: Mar 25, 1999.
Pursuant to a congressional request, GAO discussed how best to ensure the long-term viability of the Social Security Program.GAO noted that: (1) as attention has focused on social security's future financial situation, a wide array of proposals have been put forth; (2) some proposals would reduce benefits, some would raise revenues, and most propose some combination to restore financial solvency;...
Social Security: Individual Accounts as an Element of Long-Term Financing Reform
T-HEHS-99-86: Published: Mar 16, 1999. Publicly Released: Mar 16, 1999.
Pursuant to a congressional request, GAO discussed how best to ensure the long-term viability of the nation's social security program.GAO noted that: (1) social security forms the foundation of the nation's retirement income structure, and in so doing, provides critical benefits to millions of Americans; (2) yet, problems facing this program pose significant policy challenges that need to be addre...
Social Security: Different Approaches for Addressing Program Solvency
HEHS-98-33: Published: Jul 22, 1998. Publicly Released: Aug 21, 1998.
Pursuant to a congressional request, GAO provided information on issues related to social security financing, focusing on: (1) the various perspectives that underlie the current solvency debate; (2) the reform options within the current program structure; (3) the issues that might arise if social security were restructured to include individual retirement accounts; and (4) the likely impacts on na...
Social Security: Restoring Long-Term Solvency Will Require Difficult Choices
T-HEHS-98-95: Published: Feb 10, 1998. Publicly Released: Feb 10, 1998.
Pursuant to a congressional request, GAO discussed the goals of the social security program and the difficult choices that restoring its long-term solvency will require, focusing on: (1) balancing income adequacy and individual equity; (2) determining who bears risks and responsibilities; (3) choosing among various benefit reductions and revenue increases; (4) using pay-as-you-go or advance fundin...
Social Security Reform: Demographic Trends Underlie Long-Term Financing Shortage
T-HEHS-98-43: Published: Nov 20, 1997. Publicly Released: Nov 20, 1997.
GAO discussed: (1) the demographic trends contributing to the social security financing problem; (2) when the problem will begin to confront the federal government; (3) the alternatives for addressing the problem; and (4) the implications of these alternatives.GAO noted that: (1) increasing life expectancy and declining fertility rates pose serious challenges not just for the social security syste...